- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 996780
- Photos (7)
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Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story "missing middle" housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important.
- Property Type:
- Commercial Sale
- Type:
- Mixed Use
- Commercial Type:
- Building, Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
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- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 9,405 sq. ft.
- Taxes:
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- Construction:
- Frame Wood, Insulation: Ceiling, Insulation: Walls, Wood
- Foundation:
- Concrete Perimeter
- Ceiling Heights:
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- Floor finish:
- Laminate, Linoleum
- Total Building Area:
- 3,183 sq. ft.
- Commercial Area:
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- Heating:
- Electric
- Fireplace:
- No
- Pending Date:
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- Fencing: Partial
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Parking Features:
- On Site
- Total Units:
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- Date Listed:
- May 01, 2025
- Original Price:
- 799000.0
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Listed by RE/MAX of Nanaimo
Data was last updated May 12, 2025 at 12:05 AM (UTC)
Area Statistics
- Listings on market:
- 32
- Avg list price:
- $845,000
- Min list price:
- $59,500
- Max list price:
- $3,750,000
- Avg days on market:
- 63
- Min days on market:
- 3
- Max days on market:
- 382
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations.
- KRISTIE HAZ
- EXP REALTY
- 1 (250) 8830477
- Contact by Email
KRISTIE HAZ
Personal Real Estate Corporation
Location
Vancouver Island, BC
